Hudson County Apartments Land $21M FHA/HUD Refi

Greystone provided a $20,766,500 FHA/HUD-insured loan to refinance HELIO Apartments, a newly completed 69-unit property in Kearny, NJ. The financing was originated by senior managing director Eric Rosenstock and director Jesse Yodice at Greystone, in collaboration with Alan Blank, managing director of Cushman & Wakefield’s Equity, Debt & Structured Finance (EDSF) team.

“Greystone is pleased to deliver a long-term FHA/HUD financing solution that supports the successful stabilization of HELIO Apartments,” said Yodice. “Working alongside Cushman & Wakefield’s EDSF team, we were able to structure a loan that aligns with the client’s objectives and the property’s strong fundamentals.”

Blank added, “The collaboration between Greystone and Cushman & Wakefield’s EDSF platform enabled an efficient execution for this high-quality asset. HELIO represents a strong addition to the Kearny multifamily landscape, and this refinancing positions the property for continued success.”

HELIO Apartments features modern amenities including a fitness center and rooftop terrace, designed to serve today’s renters in Northern New Jersey’s Hudson County market.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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